Vedanta seeks blessing for $3.5 bn India buyout offers

Last Updated: Wednesday, October 16, 2013, 18:26

Mining group Vedanta has asked shareholders to renew their backing for an offer of up to USD 3.48 billion to buy government minority stakes in two of its subsidiaries, as it seeks to streamline its structure.

Vedanta to hike offer to $4 bn for more stakes in Balco, HZL

Last Updated: Tuesday, October 15, 2013, 23:50

Sweetening its long pending offer, mining conglomerate Vedanta Resources will hike the total offer price for acquiring more stakes in Hindustan Zinc and Balco to nearly USD 4 billion (more than Rs 24,800 crore), 43 percent higher than its last year's proposal.

Yet to hear from govt on HZL, Balco stake sale: Vedanta

Last Updated: Wednesday, October 9, 2013, 18:53

Vedanta Resources is yet to hear anything "officially" on disinvestment of Hindustan Zinc and Balco, but sees "conviction" on part of the government to move ahead with the proposed stake sale, a top company official said Wednesday.

Vedanta: Oil, zinc output up in Q2; iron ore, copper down

Last Updated: Wednesday, October 9, 2013, 15:26

Mining major Vedanta Resources on Wednesday said its crude oil production has increased to a record 2,13,299 barrels of oil equivalent per day (BOEPD) in the quarter ended September 30, but iron ore, copper and lower power sales affected its performance.

Ex-Rio Tinto CEO Tom Albanese joins Vedanta

Last Updated: Monday, September 16, 2013, 17:56

London listed mining giant Vedanta Resources has appointed Tom Albanese, former Chief Executive of Rio Tinto, as chairman of its subsidiary Vedanta Resources Holdings Ltd.

Vedanta Q1 revenue dips by 23% to $2.874 billion

Last Updated: Wednesday, July 31, 2013, 21:42

Hit by lower realisations across various business verticals, Vedanta Resources' revenue dipped by 23 percent during the first quarter at USD 2.874 billion compared to USD 3.746 billion a year earlier.

Cairn India to invest $3 bn over 3 years to produce more oil

Last Updated: Wednesday, July 24, 2013, 12:01

Cairn India, a unit of London-listed Vedanta Resources Plc, will invest more than USD 3 billion over the next three years to explore and produce more oil, its chairman said on Wednesday.

Vedanta Resources raises $1.7 billion via bond issue

Last Updated: Thursday, May 23, 2013, 14:33

Vedanta Resources on Thursday said it has raised USD 1.7 billion (Rs 9,500 crore) through issue of bonds, the largest ever offering by any Indian corporate, which will be used to part-finance Cairn India acquisition.

Vedanta hopeful of restarting Lanjigarh refinery by July

Last Updated: Sunday, May 19, 2013, 11:35

Diversified conglomerate Vedanta Resources expects to restart its alumina refinery in Odisha's Lanjigarh by July and is hopeful of securing approvals for doing mining at Niyamgiri hills in the state by September.

Vedanta core profit $4.89 bn in FY'13; Cairn contributes 49%

Last Updated: Thursday, May 16, 2013, 15:00

The natural resources giant had reported USD 4.026 billion core profit or EBITDA (earnings before interest, taxes, depreciation and amortisation) in 2011-12.

Vedanta's oil, copper, aluminium output up; iron ore, zinc down

Last Updated: Wednesday, April 10, 2013, 15:33

Diversified conglomerate Vedanta Resources on Wednesday reported a significant increase in production of oil, copper, aluminium, lead and silver in 2012-13, but its iron ore, zinc and alumina output showed a marked decline.

Day-long stir to be held against Sterlite plant on Monday

Last Updated: Saturday, April 6, 2013, 15:00

A day-long general strike demanding permanent closure of the copper smelter plant of Sterlite Industries (India) Ltd will be held Monday at Tuticorin, said MDMK party general secretary Vaiko Saturday.